Building a competency matrix for product job families

Leaders often focus on achieving ambitious goals, but they may overlook the development of the team that supports these objectives. The text discusses the importance of a competency matrix as a structured framework for evaluating, aligning, and mapping skills across different roles within an organization. It highlights the benefits of using such a matrix for hiring, performance evaluations, and career development, particularly in roles like product management where responsibilities can vary widely. A competency matrix aids in defining roles, responsibilities, and growth paths, providing clarity and consistency. The article offers practical advice on creating and implementing a competency matrix, emphasizing its role in guiding decisions rather than limiting them and the importance of keeping it updated to reflect evolving teams and industry trends. By using a competency matrix, organizations can bring structure and clarity to their processes, ensuring alignment and transparency for both current employees and potential hires.